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eBay Honored for Ethical Practices

Company is sole e-commerce business to make the list.
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Thanks to eBay’s standard of business ethics, the global online marketplace has been recognized for a second time by a leading business ethics think tank.

eBay Inc. has been named one of the “World’s Most Ethical Companies” by the Ethisphere Institute. Of the record 145 companies to make the list this year, eBay is the only one to be listed in the “e-commerce” category.

“Every day, we promise our employees and our customers that we will conduct ourselves and our business with the highest level of integrity, and this honor recognizes that commitment,” says eBay CEO John Donahoe.

To be recognized, a company must not only promote ethical business practices, but also go beyond the legal compliance minimums and reshape industry standards for the future. Ethisphere looks at a nominated company’s adherence to its codes, its track record, investments in innovative and sustainable practices, and improved corporate citizenship, among other practices.

“This year’s winners know that a strong ethics program is a key component to a successful business model, and they continue to scrutinize their ethical standards to keep up with an ever-changing regulatory environment,” says Alex Brigham, executive director of Ethisphere. “Corporate ethics has become much more important globally, as well, and that is reflected in the truly global nature of this year’s honorees.”

The World’s Most Ethical Companies list has been ranking business practices since 2007. Twenty-three companies have made the list all six years. eBay received its first honor in 2011, listed in the “auctions” category.

About the author

Sarah Brown
Sarah Brown is a freelance writer who writes about e-commerce and small businesses. She recently graduated from Chico State with a journalism degree and is also a budding online entrepreneur, having launched two Web businesses and her own line of handmade products. Opinions expressed here may not be shared by The Online Seller and/or its principals.

  • AORice123

    R U SERIOUS!!??? Who
    “REALLY” thinks ebay is an ethical business model??? Getting their
    start from small timers everywhere and then in a few years (’bout 15+>) down
    the road, ebay has done nothing short of thumbing their collective noses at all
    those who are responsible for helping them “make it” into what they
    are now! Doing so by telling them to go take a hike, effectively and with a
    very rude, grass demeanor that they are NOT going to be the nice guys on the
    block anymore, (And its been way to long since ebay was the nice guy, they’ve
    traded that image for the big $$$$ NOW!) but rather ebay is going to do
    everything in its power to produce a market place 100% unlike what made them
    successful and simply roll on to “bigger” and better markets! Yes,
    it’s ALL about the “Doe Rae Me” or should I say, it’s all about
    eBay’s cash cow of greed that gives them that shiny glow! (or is that hell’s
    fire licking their heels!) So, NO MORE, it’s NOT about you the seller, (AND IT
    HASN’T BEEN 4A LONG, LONG, LONG TIME!) you know who U R, the ones who help make
    them wildly successful, NO, you still think it’s about you making money on
    ebay??? No, No, No, it’s about EBAY making money AND that’s ALL it’s about for
    the past several years! Slowly, one by one, all the rules where either changed,
    modified, deleted AND my least favorite, MAKE IT UP AS THEY GO ALONG! When they
    make the changes, why do they make them, but NOT put them in places where NO
    ONE can miss them??? Don’t they want “EVERYONE” to see all their
    changes!!?? When they want your money they make that REAL upfront and apparent,
    right! From whence have thou fallen, consider thy ways and see… First it was,
    ebay no longer supported sellers, (as they had since their inception, that’s
    100% why they grew!) and no one thinks ebay should be ‘against’ anyone, but
    support should be to those who “Pay” to be there, THAT’S just the way
    it’s done, and always has been! What ebay has really done is this. They made
    their niche in the market place AND then changed the rules AND those who had
    their income or livelihood from this source where stuck with whatever they
    wanted to do, after all, if they just left, where would they go? It takes time
    to build a successful business, and ebay has manipulated every one of their
    customers by implementing rules that when they signed up for this gig, was NOT
    a rule! Then ebay increased their final value fees, form 2.9% to upwards of 9%
    AND now it’s through the roof, more like 15/20+%, this IS nothing more than
    hostile fire breathing dragons stealing more than what’s reasonable, AND once
    again, those who have invested lots of time AND money (after all, time IS
    money, right!) AND many years of their lives building a business, can all those
    who dislike all these “New” rules, policies and demands just pick-up
    and leave without suffering severe consequences and/or total ruin!!??? It’s a
    harsh reality to be made to give up what is rightfully yours to thieves who steal
    your joy as they steal your income and what you’ve worked hard to accomplish!
    Now ebay has increased their “Final value fee cap” to $250.00 WHAT,
    $100 was more than what was reasonable, but this increase is absolutely going
    to make A LOT of sellers seriously UPSET AND THEY WILL LEAVE POSITIVELY, NO WAY
    GETTING AROUND THAT ONE! Wasn’t the final value fee on the shipping just bazar
    enough! Does ebay really need to alienate as many as they possibly can just to
    get a seriously negative response from 1000′s UPON 1000′s of sellers who will
    simply say, “THAT’S IT!” NO MORE, I AM JUST NOT GOING TO “WORK
    FOR EBAY” PERIOD! IF I WANTED A 9 to 5er, I WOULD’VE WENT TO WORK FOR
    SOMEONE, RIGHT!!!??? Latest, but not in any way the least is the new “Return
    Center” world of ebay, yea right, what a crock! All this does is
    dramatically increase returns, burns lots of sellers, and especially
    “Unique” sellers and those with specialty items that historically
    never come with a return provision, and that NEW $250 FINAL VALUE FEE! What’s
    next, just give ebay and paypal your banking information and let them help
    themselves, no need to sell anything, they don’t want you to have to go through
    all that trouble just to give them ALL YOUR MONEY… MAKE IT EASY FOR THEM,
    JUST LET THEM TAKE WHAT THEY WANT WHENEVER THEY WANT, IN WHATEVER AMOUNT THEY
    WANT, REALLY WOULDN’T THAT MAKE IT A WHOLE LOT EASIER FOR EBAY!!! BECAUSE
    THAT’S WHO EBAY IS IN BUSINESS FOR… THEMSELVES AND ONLY THEMSELVES. Than ebay
    takes it to the extreme and makes it near impossibly to get a good deal
    anymore, WHY??? Because 100% of all sellers WILL have to raise their prices
    to compensate for the “Potential” of whatever they sell being
    returned, it’s like the buyer having to pay for 1 1/2 or 2 of whatever their
    buying upfront or a relatively higher restocking fees or a upfront fee for
    potential product replacement, GOOD-BYE good deals AND Good-Bye ebay! I just
    might do the impossible AND open my own online auction website just to see
    “if” the world of malcontents over ebay would actually support my
    site, if I promise to be civil even “after” I become a billion dollar
    company! Well, the race is on NOW! Giddy Up ‘N Go… Hoss!

     

  • Anonymous

    Beyond bizarre……………..

  • 9haus

    This is HORRID!